Stonebridge Wealth Management LLC Takes $2.11 Million Position in iShares MSCI USA Quality GARP ETF $GARP

Stonebridge Wealth Management LLC bought a new position in iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP) during the second quarter, Holdings Channel reports. The fund bought 34,907 shares of the company’s stock, valued at approximately $2,108,000. iShares MSCI USA Quality GARP ETF comprises about 2.0% of Stonebridge Wealth Management LLC’s holdings, making the stock its 14th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of GARP. D Orazio & Associates Inc. increased its position in shares of iShares MSCI USA Quality GARP ETF by 146.3% in the second quarter. D Orazio & Associates Inc. now owns 122,431 shares of the company’s stock worth $7,392,000 after acquiring an additional 72,721 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in iShares MSCI USA Quality GARP ETF by 17.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 53,576 shares of the company’s stock worth $3,235,000 after purchasing an additional 8,153 shares during the period. Thoroughbred Financial Services LLC purchased a new position in iShares MSCI USA Quality GARP ETF during the 2nd quarter worth approximately $1,385,000. Wealth Enhancement Advisory Services LLC purchased a new position in iShares MSCI USA Quality GARP ETF during the 2nd quarter worth approximately $235,000. Finally, Goldman Sachs Group Inc. acquired a new stake in iShares MSCI USA Quality GARP ETF during the 1st quarter valued at $803,000.

iShares MSCI USA Quality GARP ETF Stock Down 2.0%

Shares of iShares MSCI USA Quality GARP ETF stock opened at $67.74 on Friday. The stock has a market cap of $1.17 billion, a PE ratio of 30.61 and a beta of 1.14. The business has a fifty day simple moving average of $67.18 and a 200-day simple moving average of $63.46. iShares MSCI USA Quality GARP ETF has a 12 month low of $43.02 and a 12 month high of $69.67.

About iShares MSCI USA Quality GARP ETF

The iShares MSCI USA Quality GARP ETF (GARP) is an exchange-traded fund that is based on the MSCI USA Quality GARP Select index. The fund tracks an index of US large- and mid-cap growth stocks with perceived quality and value characteristics. GARP was launched on Jun 14, 2020 and is issued by BlackRock.